Problem
A computerized design facility has a first cost of $750K. The annual O&M is $100K. The salvage value in year 40 is $5K. Computer monitor replacement will cost $250K every 8 years, and other hardware and software will need replacement every 4 years for $300K. If i = 12%, find the EAC for the 40-year horizon.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.